March 3, 2021
In the United Kingdom and the Gambling Commission regulator has announced that it has taken additional action against nine individuals from Caesars Entertainment UK Limited after last year fining the casino operator a record-setting £13 million ($18.1 million).
The watchdog used an official press release to detail that the London-headquartered firm, which is the local subsidiary of American casino giant Caesars Entertainment Incorporated, was hit with the stiff financial penalty in May after it was adjudged to have violated a number of rules regarding money laundering, social responsibility and customer interaction protocols. The authority furthermore explained that these shortcomings especially concerned high-value VIP players and had resulted in a trio of senior managers being ordered to surrender their personal management licences.
March 3, 2021
American casino operator Las Vegas Sands Corporation has announced the signing of deals that are to see it offload its remaining trio of domestic properties for an aggregate consideration worth roughly $6.25 billion.
The Las Vegas-headquartered firm used an official press release to detail that the arrangements will involve The Venetian Resort Hotel Casino and its 3,000-room The Palazzo hotel as well as the nearby Sands Expo and Convention Center being sold to affiliates of global alternative investments firm Apollo Global Management Incorporated and the Vici Properties Incorporated real estate investment trust spun off by Caesars Entertainment Incorporated in 2017.
Pricey particulars:
February 26, 2021
The boss for American casino operator Caesars Entertainment Incorporated has reportedly expressed optimism regarding the coming year due to his firm’s Las Vegas Strip properties recently posting a dramatic rise in hotel bookings.
According to a report from CDC Gaming Reports, Tom Reeg (pictured) serves as Chief Executive Officer for the Nevada company and he used a Thursday conference call with investors to detail that nine of its most recent top-ten booking days had happened in February. The executive moreover purportedly explained that this had represented the most activity his company’s properties in ‘The Silver State’ had seen since re-opening for business in June following the 78-day coronavirus-related shutdown.
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